Core Viewpoint - Hefei Hengxin Life Technology Co., Ltd. has successfully listed on the Shenzhen Stock Exchange's ChiNext board, with significant initial trading performance and a focus on biodegradable and traditional plastic food packaging products [1][3]. Company Overview - Hefei Hengxin Life specializes in the research, production, and sales of paper and plastic food packaging products, utilizing raw materials such as original paper, PLA particles, and traditional plastic particles [1]. - The company is controlled by a family trio: Fan Yanru, Yan Deping, and Yan Shujing, with a combined voting rights share of 88.52% prior to the IPO [1]. Financial Performance - The company reported revenues of 718.90 million yuan, 1.09 billion yuan, 1.42 billion yuan, and 732.99 million yuan for the years 2021 to the first half of 2024, respectively [4]. - Net profits for the same period were 81.08 million yuan, 165.95 million yuan, 221.45 million yuan, and 106.40 million yuan [4]. - In 2024, the company achieved a revenue of 1.59 billion yuan, reflecting an 11.87% increase year-on-year, with a net profit of 219.89 million yuan, up 2.82% [5]. IPO Details - The company issued 25.50 million shares at a price of 39.92 yuan per share, raising a total of 1.02 billion yuan, with a net amount of approximately 898.91 million yuan after expenses [3]. - The funds raised will be allocated to projects including the annual production of 30,000 tons of compostable green environmental products, smart upgrades, and a research and development center [3]. Market Context - The company’s products include both biodegradable and non-biodegradable food packaging, with the latter accounting for 40.81% to 49.32% of its main business revenue over recent years [1]. - The impact of stricter plastic restriction policies on the company’s operations and technology advantages was a key focus during the IPO review process [1][2].
恒鑫生活上市募10亿首日涨79% 过会被问"限塑令"影响